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Prime Minister: Iraq has a great wealth of gas and needs time to invest it
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Economy News
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Added 10/07/2023 - 11:47 AM
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Economy News
The Prime Minister, Muhammad Shiaa Al-Sudani, explained today, Saturday, that Iraq possesses a great wealth of gas, but it needs time to invest it optimally, stressing that the trend to import Turkmenistan gas comes within the government’s vision and strategy to diversify the sources of gas imports.
A statement from the Prime Minister’s Media Office, received by Al-Eqtisad News, stated that “Prime Minister Muhammad Shiaa Al-Sudani received the Minister of State for Gas Affairs in Turkmenistan, Maqsad Babayev, and his accompanying delegation.”
He pointed out, “During the meeting, bilateral relations between the two countries were discussed, ways to develop them, and strengthening cooperation frameworks in the field of energy and gas, which culminated in the signing of a joint memorandum of understanding to import Turkmenistan gas to Iraq, to meet the needs of production stations and the electrical system from it, as it is scheduled An Iraqi delegation will go to Turkmenistan on the twenty-fifth of this month to sign contracts
Al-Sudani blessed "the signing of a memorandum of understanding between the Ministry of Electricity and the Turkmen Ministry of Gas to supply gas."
The Prime Minister stressed that "the government has paid great attention to the energy sector in Iraq and made it one of its most prominent priorities and a basis for developing and diversifying the economy, and developing the rest of the vital sectors."
He explained, "Iraq has a great wealth of gas, but it needs time to invest it optimally, after it was late in this matter for years."
He pointed out, "The trend to import Turkmen gas comes within the government's vision and strategy to diversify sources of gas imports, as well as diversify energy sources to ensure the continuity of the operation of power generation plants."
For his part, Babaev conveyed "the greetings of the President of Turkmenistan to the Prime Minister," stressing "his country's desire to strengthen joint cooperation between Iraq and Turkmenistan in various fields, in a way that contributes to developing relations between the two countries and achieves the interests of their peoples."
Views 16
Added 10/07/2023 - 11:47 AM
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